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What to Look For in Franchise Agreement Reviews
I’m looking into opening a franchise soon and just got my hands on the franchise agreement. To be honest, I’m a little overwhelmed by it all. I know I need to pay attention to certain clauses, but I could use some advice on what exactly to focus on. Are there specific parts that can really make or break the deal? Any personal stories about mistakes would be super helpful!
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Totally understand your concerns! When I went through my franchise agreement, I realized how crucial it was to read the clauses on fees and royalties carefully. I almost missed some ongoing costs that could’ve impacted my budget significantly. Also, look at the termination clauses; they can be pretty telling about your rights as a franchisee. If you're interested in thorough resources like an MBA contract review, check them out! It really helps clarify what to watch for so you don’t get caught off guard.